Offshore

Valaris semisubs move from Australia to Malaysia for stacking

Valaris DPS-1 has arrived in Labuan, Malaysia, for warm stacking after finishing a Woodside contract in Australia. Sister rig Valaris MS-1 will follow later this month, with both now the company’s only semisubs.

Photo credit: Valaris

9, December 2025
136 Views

The rig Valaris DPS-1, a 10,000 ft semi-submersible unit, has reached Labuan, Malaysia after completing its latest assignment in Australia. The semisubmersible will be kept in a warm-stacked condition at the Malaysian port. It last operated for Woodside in Australia under a contract that ended in November 2025, then mobilised to Malaysia and arrived on Monday, 8 December.

Valaris’ other Australian-based semisub, Valaris MS-1, is also sailing to Malaysia, with arrival expected later this month.

Both rigs will be stacked in Malaysia while Valaris reviews future opportunities for the units. Company executives have recently said they do not expect to find work for these semisubs in 2026, but see potential campaigns in 2027 and beyond.

These two rigs are the only semisubmersible units in the Valaris fleet.

Tags: Labuan Malaysia, rig stacking, semisubmersible rigs, Valaris

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

18, Feb
|

Offshore

Valaris Backlog Rises to $4.7 Billion on New Rig Awards

Valaris reported nearly $900 million in new awards and extensions, lifting backlog to about $4.7 billion in its 17 February 2026 fleet status update across drillships and jackups.

15, Dec
|

Offshore

Valaris seals $300m Shell drilling deal in Brazil

Valaris Limited has signed a multi-year $300 million contract with Shell for the drillship VALARIS DS-8 on the Orca project offshore Brazil, with operations starting in Q1 2027.

5, Nov
|

Offshore

Valaris Receives Multiple Jack-Up Contract Extensions in the UK North Sea

Valaris reports multiple contract extensions in the UK North Sea, including a 194-day extension for the VALARIS 121 from Shell and a 150-day extension with Ithaca Energy.